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Strategies for a discontinuous future.












Monday, August 09, 2004
 


Absolutely cool article about markets, innovation and property rights. 'Supercorrecting' DVD players in China were made to compensate for the crap quality of 'pirate' DVDs. Very nice illustration of why grey markets will always defeat property rights (as long as the government doesn't control transaction costs).

-- umair // 10:37 PM //


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